Voyager Capital is raising another fund as it looks to continue investing in B2B startups based in the Pacific Northwest.
The firm is raising its fifth fund, as revealed in a new SEC filing, which notes a total offering amount of $100 million. Voyager declined to comment on the filing when contacted by GeekWire.
Voyager raised its last fund in 2013, reeling in $50 million. It raised the firm’s third fund at $107 million in 2007.
Voyager expects to close the fund within a year, according to the filing. Voyager partners Bill McAleer, who co-founded the firm in 1997, and Erik Benson, who joined in 1998, are listed on the filing.
Voyager has offices in Seattle and Portland. It recently closed its Silicon Valley location as it focuses on investing in startups based in Washington, Oregon, and British Columbia that build software-as-a-service, cloud infrastructure, artificial intelligence, and machine learning-related products and services.
Current companies in Voyager’s portfolio include Lytics, Lighter Capital, Act-On, AnswerDash, Shiftboard, ZipWhip, and several others. The firm’s exits include aQuantive, BlueBox, Elemental Technologies, Skyward, and more.
Venture capital firms raised $7.9 billion across 54 funds during Q1, according to data from PitchBook. Micro-funds (those with vehicles smaller than $50 million) made up more than 50 percent of fund count in Q1 for the first time in four years.
“While the total amount of capital raised and number of funds closing in the first quarter — for both new and established firms — was light compared to recent quarters, several prominent venture firms are currently in the market raising funds with multi-billion-dollar targets, suggesting a pickup in pace as 2018 unfolds,” the PitchBook report noted.